Cqs Us LLC Acquires 90,000 Shares of Sigma Lithium Co. (NASDAQ:SGML)

Cqs Us LLC grew its holdings in Sigma Lithium Co. (NASDAQ:SGML) by 72.0% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 215,000 shares of the company’s stock after buying an additional 90,000 shares during the quarter. Sigma Lithium makes up 0.7% of Cqs Us LLC’s portfolio, making the stock its 29th largest position. Cqs Us LLC owned 0.19% of Sigma Lithium worth $2,586,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the business. Appian Way Asset Management LP raised its stake in shares of Sigma Lithium by 47.2% in the first quarter. Appian Way Asset Management LP now owns 2,270,102 shares of the company’s stock worth $29,421,000 after acquiring an additional 728,260 shares during the last quarter. Frontier Capital Management Co. LLC increased its holdings in shares of Sigma Lithium by 26.0% in the fourth quarter. Frontier Capital Management Co. LLC now owns 2,258,218 shares of the company’s stock valued at $71,202,000 after purchasing an additional 466,688 shares in the last quarter. Electron Capital Partners LLC bought a new position in Sigma Lithium in the 4th quarter worth approximately $69,703,000. Van ECK Associates Corp lifted its holdings in Sigma Lithium by 13.6% during the 2nd quarter. Van ECK Associates Corp now owns 1,201,612 shares of the company’s stock worth $14,455,000 after buying an additional 143,696 shares in the last quarter. Finally, Norges Bank bought a new position in Sigma Lithium in the 4th quarter valued at $17,608,000. 64.86% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the company. Bank of America upped their price target on Sigma Lithium from $25.00 to $29.00 and gave the company a “buy” rating in a research note on Monday, May 20th. BMO Capital Markets reduced their target price on shares of Sigma Lithium from $25.00 to $20.00 and set an “outperform” rating on the stock in a research note on Monday, August 19th.

Sigma Lithium Trading Down 4.4 %

Shares of Sigma Lithium stock traded down $0.43 on Friday, hitting $9.24. 1,111,128 shares of the company’s stock traded hands, compared to its average volume of 1,072,885. The firm’s 50-day moving average price is $10.90 and its two-hundred day moving average price is $13.16. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.05 and a quick ratio of 0.96. The stock has a market capitalization of $1.02 billion, a PE ratio of -71.08 and a beta of 0.16. Sigma Lithium Co. has a one year low of $8.47 and a one year high of $39.38.

Sigma Lithium Company Profile

Sigma Lithium Corporation engages in the exploration and development of lithium deposits in Brazil. It holds a 100% interest in the Grota do Cirilo, Genipapo, Santa Clara, and São José properties comprising 29 mineral rights covering an area of approximately 185 square kilometers located in the Araçuaí and Itinga regions of the state of Minas Gerais, Brazil.